Shiba Inu burn rate explodes to 7,686,774%; Injective and InQubeta show signs of strong market surge

December 13, 2023 02:38 AM PST | By Invezz
 Shiba Inu burn rate explodes to 7,686,774%; Injective and InQubeta show signs of strong market surge
Image source: Invezz

Shiba Inu has experienced a significant increase in the burning of its tokens. The platform has burned an impressive amount of 8.35 billion SHIB tokens.

According to data from Shibburn, a website that tracks daily token burns, this amount has led to a staggering 7.6 million percent increase in the burn rate. At the same time, two digital assets, Injective (INJ) and InQube­ta (QUBE), are likely to experience a strong surge in the market.

InQubeta is an innovative­ project that has generated much interest, even though it is still in the presale phase­. The main objective of InQube­ta is to connect AI startups with investors. The project has gained attention in the crypto community because of its advanced features, such as the trending NFT marketplace­ and deflationary mechanism.

Let’s explore the factors driving the market surge for Injective and strong investor interest in InQubeta market amidst the Shiba Inu burn rate explosion.

InQubeta (QUBE): Pioneering DeFi in AI startups with creative NFT investment opportunities

InQubeta is a new crypto crowdfunding platform that allows users to make fractional investment in AI startups using QUBE tokens. It’s built on the Ethereum blockchain, and it utilizes its technology to offer a secure and efficient environment for AI startup investments.

InQubeta’s ongoing pre­sale is seeing significant increasem in investor attention, with over $6.6 million already raised in its sixth stage. The attractive price of $0.01925 has enticed investors to purchase over 625 million tokens as they eye. The success of the presale could attract more investors hunting for the best DeFi coins.

QUBE’s unique deflationary model could fuel its market surge­ and present this token as an excellent investment opportunity. It might be particularly intriguing for cryptocurre­ncy investors looking to diversify their portfolios with the best DeFi projects.

When you buy or sell QUBE tokens, a 2% tax is allocated to a burn walle­t, and a 5% tax goes into a reward pool. This method incentivize­s QUBE owners to stake their toke­ns. This approach appeals to those who recognize AI tech startups’ growing prominence and influence.

The InQubeta fractional inve­sting method is also another factor. This approach converts every investment opportunity into an NFT and divides it into smaller parts, making it accessible and affordable. Whe­n combined with InQube­ta’s trending NFT market, this innovative­ method provides AI startups with a way to raise funds.

Additionally, it allows them to offer attractive rewards and NFTs base­d on equity to investors eager to invest in the sector.

Injective (INJ): Empowering DeFi evolution with decentralized infrastructure

Injective­ is a blockchain technology that supports decentralized finance (DeFi) applications. INJ provides essential financial infrastructure elements that applications can utilize.

One of its core features is a decentralized on-chain Orde­r Book. This platform accommodates various financial markets, including spot, perpetual, futures, and options, all running on the blockchain.

Injective has surged in recent weeks and analysts says the coin could see another strong rally.

One of the the key contributors to this may be the token burn, which saw INJ tokens worth over $65,000 recetly removed from circulation in a weekly token burn auction. Another catalyst for this growth is likely to be the tease of the most significant mainnet upgrade in Injective’s history, the Volan Upgrade.

Shiba Inu (SHIB): Experiencing a record-breaking surge in token incineration

Shiba Inu is a decentralized crypto asset whose community is actively engaged in burning SHIB tokens. Following a highly successful burn campaign last week, the community has resumed its efforts to incinerate large quantities of SHIB tokens.

Shiba Inu has burned a remarkable 8.35 billion SHIB tokens. According to data from Shibburn, a website that tracks the daily token burn amount, this burn has resulted in an impressive 7.6 million percent increase in the burn rate.

Not only is this one of the most significant token burns in a single day, but it has also sparked one of the most significant increases in burn rate witnessed by the community.

Conclusion

Shiba Inu is experiencing an exploding burn rate after a successful burn campaign. Meanwhile, InQubeta and Injective are poised for a significant market surge this year. InQubeta is making a name for itself in the crypto-AI industry with its deflationary mechanism and NFT marketplace.

Investors seeking a new DeFi crypto can purchase QUBE tokens using popular cryptos like ETH, BTC, or USDT.

For all things QUBE visit InQubeta presale or join the InQubeta communities.

The post Shiba Inu burn rate explodes to 7,686,774%; Injective and InQubeta show signs of strong market surge appeared first on Invezz


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